The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Giordano Bruno who wrote (265685)	8/2/2010 10:32:49 AM
From: DebtBomb	Read Replies (1) of 306849

ISM says manufacturing growth slows in July Industry group ISM says manufacturing growth weakened in July to slowest pace this year . On Monday August 2, 2010, 10:16 am NEW YORK (AP) -- An industry trade group says growth in the manufacturing sector weakened in July to the slowest pace this year. The Institute for Supply Management says its manufacturing index slipped to 55.5 in July from 56.2 in June. A reading above 50 indicates growth. Economists polled by Thomson Reuters had forecast a lower reading of 54.1. A swell of production in factories has helped lead the economic recovery as exports increased and companies rebuilt their stocks, which had dwindled during the downturn. ISM's index shows momentum has been slowing since spring as consumer demand lags investment from businesses. finance.yahoo.com

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